123 Pine St, Springfield, MA 01105
View Map
$319,900
2 Unit
4 Beds
2 Baths
1588 SQFT
0.40 Acre

Property Description

Cash-flowing property with long-term tenants and professional property management in place—management is eager to continue servicing the new owner. The roof is approximately three years old.This sale includes two abutting lots zoned R2, presenting a prime opportunity for investors and developers. Leverage the steady rental income to offset holding costs while planning your next project. Total monthly income is $2,700. Tenants pay their own electricity. Multiple investment strategies make this a rare opportunity for savvy buyers.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Laundromat, Park, Public School, Public Transportation, Shopping
  • Basement Features: Bulkhead
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 32400
  • Net Operating Income: 32400

Utilities

  • Electric Info: 220 Volts, At Street
  • Utility Connections: for Electric Dryer, for Electric Oven, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Gas, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Gas, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1909
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73347086
  • Last Updated: 03/23/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/23/2025Active$319,900$201MLSPIN
03/19/2025New$319,900$201MLSPIN
02/17/2024Sold$200,000$165MLSPIN
01/18/2024Under Agreement$209,000$173MLSPIN
01/04/2024Contingent$209,000$173MLSPIN
12/27/2023Active$209,000$173MLSPIN
12/19/2023Price Change$209,000$173MLSPIN
12/18/2023Under Agreement$199,900$165MLSPIN
12/04/2023Contingent$199,900$165MLSPIN
12/04/2023Active$199,900$165MLSPIN
11/30/2023New$199,900$165MLSPIN
10/17/2022Canceled$199,000$164MLSPIN
10/02/2022Temporarily Withdrawn$199,000$164MLSPIN
08/03/2022Active$199,000$164MLSPIN
07/30/2022Price Change$199,000$164MLSPIN
06/27/2022Active$208,000$172MLSPIN
06/23/2022Price Change$208,000$172MLSPIN
06/12/2022Active$209,000$173MLSPIN
06/12/2022Active$208,000$172MLSPIN
06/08/2022New$209,000$173MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Irving Lora, MIG
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-03-23 04:05:00